- a governmental or personal financial crisis that is brought on by economic factors or policies: High housing costs have pushed many families over the fiscal cliff. Some municipalities are on the edge of a fiscal cliff after years of overspending.
- (specifically) a financial crisis that threatens to disrupt the economy or personal finances and is brought on by steep governmental spending cuts and tax increases: Congressional legislation to avert the fiscal cliff.
Origin of fiscal cliff
Examples from the Web for fiscal cliff
Contemporary Examples of fiscal cliff
He also praised House Speaker John Boehner for compromising during the fiscal-cliff showdown.Politicians and Celebrities Flock to Newsweek’s Inaugural Brunch
January 20, 2013
The debt-ceiling crisis, which started just as the fiscal-cliff crisis was resolved, is more amorphous.Obama Brinksmanship Puts GOP in Tough Spot on Debt Ceiling
January 14, 2013
With the tax portion of the fiscal-cliff deal done—for better or worse—Washington's attention will now turn to deficit reduction.The Best Way to Reform Health Care—and Cut the Deficit
January 6, 2013
And liberal pundits who are up in arms about the fiscal-cliff deal seem not to recognize the difference.Dear Liberals: Stop Complaining
January 3, 2013
The fiscal-cliff drama will likely end without any grand bargain on revenues and entitlements.Washington May Have a Deal on Taxes, but the Toughest Problems Remain
December 31, 2012
- informal a situation in which sudden changes in government expenditure and taxation have a profound effect on a country's economy